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-Federal Return of Funds Policy: If a student leaves Capitol College before completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds. -Funds are allocated in the following order: 1) Unsubsidized Direct Stafford Loans, 2) Subsidized Direct Stafford Loans, 3) Federal Perkins Loans, 4) Direct PLUS Loans, 5) Federal Pell Grants, 6) Academic Competitiveness Grant, 7) National SMART Grant, 8) Federal Supplemental Opportunity Grants. -Graduate students receiving federal student aid must maintain a 3.0 GPA during each term. Graduate students not meeting this standard will be placed on financial aid probation for the following two periods of enrollment.-Graduate students must adhere to the time limit of degree completion in order to receive aid.-Capitol College offers are large array of scholarships and grants.-Contact the Office of Financial Aid for more information